Section

NCLAT approves settlement plan for Asian hotels

By Economic Times - 6 months ago
The promoters, who operate the Hyatt Regency hotel near Mumbai airport, offered to pay the entire claims of lenders, trade creditors, employees and government dues, but the plan was rejected by the largest lender - UV Asset Reconstruction Company (ARC).

Disclaimer : Mymoneytimes implements extreme caution and care in collecting data before publication. Mymoneytimes does not liable for the adequacy, accuracy or completeness of any given information. Hence we are not liable for any kind of direct or indirect loss caused by the use of such information.